Police parade five fake currency syndicates in Osun

Five men, who allegedly specialise in minting and selling of fake currencies in Osun were paraded by the police on Monday.
The suspects,Saheed Alabi, Moses Jonah, Lateef Jamiu, Akin Adeniyi and Olowe muritala were apprehended at different locations around the country.

The Osun State Commissioner of police, Mr. Fimihan Adeoye, while briefing journalists at the police Headquarters in Osogbo said the suspects were rounded up in Osun, Lagos, and Kogi.
“Police Special Patrol Team’ began the investigation that eventually lifted the veil on the crime in Ife, Osun state about a month ago, when the team apprehended someone with fake currency during a ‘Stop and Search Operation’.
“Further investigations into the discovery led police to the house being used for the crime and a man, who owns the printing facilities was subsequently arrested.
“In the course of the investigation search warrant was executed which made it possible for us to recover other fake currency at the printing press that is located in Lagos.”

“We know that this (printing fake currency) criminal act constitute serious threat to Nigeria economy. The suspects will be taking to court as soon as investigation is completed,” Adeoye said.